Building a solid startup

Building a solid startup


It is no secret that most startups will fail in their first three years of operation, so building a new business that can not only survive but thrive in the face of a challenge is of the utmost importance.

Ensuring your business is strong enough to move past any inevitable hitches that come its way can be achieved by improving the foundations.

Consider these ideas.

It’s all about teamwork
For a business to survive any disaster, it will first need a motivated team that can work well under stress and are eager to take on challenges. Your team must work in sync with each other. Completing projects must be considered a team effort to create a sense of unity in the workplace.

The perfect partnership
Going into business with another individual might work well for you. They can pull you up when you are feeling tired or down and make the role at the top not so lonely.

However, finding the right individual for the job is essential. Choosing a business partner who shares the same values and vision for the business as you ensures you will both remain on the same page when dealing with any setbacks.

Preparing for failure
You certainly can not plan for every mishap that comes your way, so you and your team should plan for any foreseeable disasters should they ever occur.

Perseverance is key
There will always be situations in which you and your team have not prepared for. In these instances, it will take determination, creativity and hard work. Your team must see this as a challenge to overcome rather than a disaster zone.

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If you believe the matters discussed above are relevant to your business, please contact Darren Smith of our office to discuss further.


Darren is a Chartered Accountant with extensive experience, including working in the big 4 and medium sized firms before becoming a partner of a city based firm in 2000.

He has gained much experience and has extensive knowledge in providing business and taxation advice, superannuation planning, negotiation of sales and acquisitions of businesses and property development. His client base covers a wide range of industry groups.

Darren works with business owners to grow their businesses and create personal wealth within and outside of their business.


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